Oberthur Technologies has inked a key partnership with Mobvoi smart watch an artificial intelligence company, and China Union Pay (CUP), to launch one of the first Android smart watches allowing secure contactless payment in China secured by OT’s embedded Secure Element.
Mobvoi’s Ticwatch is the best selling Android smart watch in China since its launch in September 2015. With the objective to provide a revolutionary payment experience on a Mobvoi smart watch, in collaboration with CUP and OT has now added the convenience of secure payment with a wave of the wrist. To make a purchase, users will just need to wave their Ticwatch in front of a contactless CUP payment terminal in the near future. By mid 2017, all payment terminals will support contactless payment following China’s central bank regulation.
In order to secure the CUP payment service running on Mobvoi’s smart watches, PEARL by OT embedded Secure Element was chosen.
Mobvoi Smart Watch Payment
It is the most advanced multi-application eSE offering the highest level of security and the largest memory on the market. This all-in-one product allows easy deployment of NFC services, such as payment, transit, governmental and automotive applications, as well as online services for enterprise and consumer markets. It is the safest possible place to store confidential information and execute sensitive applications. PEARL by OT® is certified by all major payment schemes for mobile payment, including CUP.
Thanks to PEARL by OT, paying with a Ticwatch will become incredibly convenient and seamless for end-users. They will simply install a Ticpay onto their mobile phone to activate the service, then simply by scanning an existing payment card, they can add it to Ticpay.
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